Petrol, d.d., Ljubljana, has successfully placed 5-year bonds worth a total of EUR 265 million. The bonds were priced at 99.32% of their notional amount, carrying a 3.25% annual coupon and a yield to maturity of 3.4%. Petrol, d.d., Ljubljana, announced its transaction on the open market on Monday, 16 June 2014. The order book was closed within three hours of the transaction announcement with roughly EUR 1 billion in high-quality orders from over 120 institutional investors. The transactions were concluded primarily with fund managers and insurance companies, which accounted for 89% of the orders, with the balance taken up by banks and private banks with 10% and other investors accounting for the remaining 1%.
The Wolf Theiss team was led by Partner Markus Bruckmüller and Associate Uroš Notar. The scope of work included negotiating the documentation from a Slovenian law perspective, drafting the taxation section in the Prospectus, as well as providing a standard legal opinion on the documentation. Wolf Theiss Partner Markus Bruckmüller commented: “The transaction further proves that Wolf Theiss holds a strong position in Capital Markets transactions involving Slovenian issuers.”
Spokesperson of the Board and Wolf Theiss Managing Partner Erik Steger adds: “In the last five years, the Wolf Theiss team, who typically act for lead managers in transactions, was able to participate in nearly all Slovenian corporate Capital Markets transactions. The total deal list amounts to 13 transactions in the last few years – a number we are very proud of.”
